Chain financing can be of great benefit to the logistics chain, but because little is known about it in the sector, companies make little use of it. ING, TVM and TLN have therefore prepared the report 'Chain Financing in Transport and Logistics'.
Chain financing refers to all kinds of financing forms between companies in the chain, with the aim of improving the parties' financial position, reducing costs, spreading financial risks and/or creating value. Although financing institutions are often involved in chain financing, it mainly involves companies among themselves. Trust between these parties is therefore very important.
Considering position in the chain
Because transport companies and logistics service providers are consciously and unconsciously part of multiple supply chains, they will have to deal with the phenomenon of chain financing, according to ING, TVM and TLN. Data and information sharing and communication are essential to play a role within chain financing. With the report Chain Financing in Transport and Logistics, logistics service providers can reflect on their position in the chain and the role they want to and can play in chain financing. "Traditional logistics service providers and traditional banks have a lot to lose. Entrepreneurs would therefore do well to delve into the subject and determine how they want to deal with it from their own role in the chain. The report is a tool for this," TLN states on its website.
